Publisher's Synopsis
Excerpt from Present and Past, Banking in Mexico
It was no soil for the development Of banks. Besides, savings or idle funds among the mass of the people were insignificant in volume. They lived from hand to mouth - very much, indeed, as did their national governments and they were ever and eternally hanging on the verge of starvation. Banking institutions develop always in response to economic needs, and doubtless they would earlier have come into existence in Mexico had there been any guaranty as to continuity of authority, or any assurance against looting by a triumphant revolutionary leader.
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